Coastal Financial Corp (EVERETT) expected to post earnings of 43  cents a share - Earnings Preview

Coastal Financial (EVERETT)

22/04/2022 13:19

* Coastal Financial Corp (EVERETT)  CCB.OQ   CCB.O  is
expected
to show a rise in quarterly revenue when it reports  results on
April 25 (estimated). 
    * The Everett Washington-based  company is expected to
report  a
73.2% increase in revenue to $35.153 million from $20.3 million
a year ago, according to the mean estimate from 4 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Coastal Financial
Corp
(EVERETT) is for earnings of 43 cents per share. For the same
quarter last year, the company reported earnings of 49 cents per
share.
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 4 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Coastal
Financial
Corp (EVERETT) is $68.75​, above​ its last closing price
of $44.14. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2021  0.54        0.53       0.57      Beat    8.6
 Sep. 30 2021  0.42        0.41       0.54      Beat    30.4
 Jun. 30 2021  0.48        0.48       0.49      Beat    1.2​
 Mar. 31 2021  0.38        0.38       0.49      Beat    28.9
 ​​Dec.        0.37        0.37       0.38      Beat    2.8
 31 2020                                                
 Sep. 30 2020  0.29        0.30       0.34      Beat    15.3​
 Jun. 30 2020  0.22        0.21       0.30      Beat    46.3
 Mar. 31 2020  0.23        0.24       0.22      Missed  -8.3
 This summary was machine generated April 22 at 12:19 GMT.  All
figures in US dollars  unless otherwise stated